Catalyst Capital Advisors LLC reduced its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 38.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,500 shares of the semiconductor company’s stock after selling 17,300 shares during the quarter. Catalyst Capital Advisors LLC owned 0.08% of Ultra Clean worth $842,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. ClariVest Asset Management LLC increased its position in shares of Ultra Clean by 1,231.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 479,084 shares of the semiconductor company’s stock valued at $8,982,000 after purchasing an additional 443,115 shares during the last quarter. Bank of Montreal Can grew its position in Ultra Clean by 97,560.0% during the 2nd quarter. Bank of Montreal Can now owns 442,400 shares of the semiconductor company’s stock worth $8,295,000 after acquiring an additional 441,947 shares during the last quarter. Vanguard Group Inc. grew its position in Ultra Clean by 32.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after acquiring an additional 399,627 shares during the last quarter. Nordea Investment Management AB grew its position in Ultra Clean by 2,868.6% during the 2nd quarter. Nordea Investment Management AB now owns 359,200 shares of the semiconductor company’s stock worth $6,735,000 after acquiring an additional 347,100 shares during the last quarter. Finally, PDT Partners LLC bought a new position in Ultra Clean during the 2nd quarter worth approximately $5,381,000. Institutional investors and hedge funds own 75.74% of the company’s stock.
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) traded up $0.51 during mid-day trading on Thursday, reaching $21.16. The company had a trading volume of 1,100,301 shares, compared to its average volume of 1,003,441. The company has a market cap of $702.81, a price-to-earnings ratio of 10.10, a PEG ratio of 0.60 and a beta of 1.02. Ultra Clean Holdings, Inc. has a one year low of $9.42 and a one year high of $34.59. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.
Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). The business had revenue of $242.60 million during the quarter, compared to the consensus estimate of $239.11 million. Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The firm’s revenue for the quarter was up 65.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. equities research analysts predict that Ultra Clean Holdings, Inc. will post 2.34 earnings per share for the current year.
In related news, SVP Joan Sterling sold 5,202 shares of Ultra Clean stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $24.04, for a total value of $125,056.08. Following the completion of the sale, the senior vice president now owns 64,932 shares of the company’s stock, valued at $1,560,965.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Deborah E. Hayward sold 13,872 shares of Ultra Clean stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $32.48, for a total value of $450,562.56. Following the completion of the sale, the insider now directly owns 61,702 shares of the company’s stock, valued at approximately $2,004,080.96. The disclosure for this sale can be found here. In the last three months, insiders sold 44,762 shares of company stock valued at $1,204,868. Corporate insiders own 2.60% of the company’s stock.
Several research firms have weighed in on UCTT. Dougherty & Co increased their price objective on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Needham & Company LLC dropped their price objective on Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Cowen increased their price objective on Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Zacks Investment Research cut Ultra Clean from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $31.83.
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Ultra Clean Profile
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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